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Asia markets down as Trump tariff threats, probably higher-for-longer U.S. charges dent sentiment

Asia markets down as Trump tariff threats, probably higher-for-longer U.S. charges dent sentiment
February 20, 2025



Melbourne, Australia, at night time.James O’Neil | Getty ImageAsia-Pacific markets fell Thursday, as buyers weighed U.S. President Donald Trump’s proposed price lists on vehicles, chips and pharmaceutical imports in addition to the Federal Reserve probably holding charges increased for longer.Trump, who mentioned the tasks may well be carried out once April 2, didn’t specify whether or not they are going to be centered at imports from positive nations or be broad-based.Mainland China’s CSI 300 began the day 0.37% decrease, whilst Hong Kong’s Dangle Seng index fell 1.13%.Japan’s benchmark Nikkei 225 dropped 1.19%, whilst the wider Topix index fell 1.06%.In South Korea, the Kospi declined 0.53%, whilst the small-cap Kosdaq misplaced 0.17%.Australia’s S&P/ASX 200 used to be down 1.39%, declining for the fourth immediately day.The rustic’s seasonally adjusted unemployment charge rose to 4.1% in January, in step with Reuters’ estimates.In a single day within the U.S., shares endured to upward push even because the Federal Reserve assembly mins confirmed the financial institution used to be excited about U.S. President Donald Trump price lists, and would like an extra decline in inflation earlier than reducing charges.The S&P 500 rose 0.24%, settling at 6,144.15 and incomes its 2nd file shut in a row. The index additionally touched a recent all-time top throughout the consultation. The Nasdaq Composite added 0.07% to near at 20,056.25, whilst the Dow Jones Commercial Moderate complex 71.25 issues, or 0.16%, to finish at 44,627.59.

— CNBC’s Brian Evans and Pia Singh contributed to this document.

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